Bader Co. Demonstrates How Incremental Gains From Renters Insurance Can Affect the Bottom Line

By Erika Schnitzer, Associate EditorIndianapolis—Bader Company recently introduced AdantEdge, a five-point renters insurance program designed to increase NOI for apartment owners and operators.An online calculator, at GoinchwormGo.com, is available for owners to see how incremental monthly gains can add positive growth to their bottom line. By plugging in the number of units they operate, owners…

By Erika Schnitzer, Associate EditorIndianapolis—Bader Company recently introduced AdantEdge, a five-point renters insurance program designed to increase NOI for apartment owners and operators.An online calculator, at GoinchwormGo.com, is available for owners to see how incremental monthly gains can add positive growth to their bottom line. By plugging in the number of units they operate, owners and managers can see how each program impacts their bottom line and NOI, Matt Logue of Bader Company tells MHN. “It’s a solid risk management solution that allows the owner/operators to quantify the financial value of the AdvantEdge program to their organization.” AdvantEdge allows owners and managers to add quantifiable gains to their bottom line by transferring liability of resident-caused damage; adding revenue, enhancing resident value because they have a guaranteed asset managers can use to recoup damages; cutting property and casualty insurance expenses; and improving resident retention because it pays for additional living expenses and damaged or destroyed personal property.Though Logue maintains that renters insurance “won’t have sweeping changes overnight,” he does assert, “the positive financial value it creates is the type of resource with which commercial apartment owners are seeking to improve their NOI during these challenging economic times.”With economic conditions tougher than ever before, everyone is looking to maximize their bottom line, notes Logue, adding that each of the five components of the program can have its own incremental impact.Additionally, Bader Company has also introduced RentProtector, a stand-alone involuntary unemployment rent waiver program that helps to cover the cost of residents’ rent if they lose their jobs. Owners and managers can customize the duration and financial amount they wish to receive under the RentProtector program. “Our partners have the ability to tailor our program to fit their individual needs, because we feel that it is more cost-effective for our partners to keep units occupied than to try to go out and lease up vacancies when it concerns involuntary loss of employment,” says Logue.

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